Home › GTT sells infrastructure division for USD 2.15 billion
 

Keywords :   


GTT sells infrastructure division for USD 2.15 billion

2020-10-16 15:50:00| Telecompaper Headlines

(Telecompaper) GTT Communications said it has agreed to sell its infrastructure division to investment group I Squared Capital for USD 2.15 billion. GTT interim CEO Ernie Ortega said the divestment will enable the company to better focus on network investment and the development of high-speed infrastructure services. It will also reinforce GTT's capex light business model and its strategy to develop cloud networking. [ more ]

Tags: division usd billion infrastructure

Category:Telecommunications

Latest from this category

All news
»
04.04Who might buy TikTok as ban deadline looms? Amazon joins bidders
04.04Eli Lilly boss: 'Tariffs are pivotal moment and hard to come back from'
04.04What is live shopping and will it take off?
04.04Lush and Kwik Fit warn tax rise will push up prices
03.04Best Potato Dish Recipes Due by July 1
03.04Restoring Power, Rebuilding Communities
03.042025 BIF Research Symposium and Convention registration open
03.04Play Ball: Celebrating Baseballs Return and Its Community Impact
More »